FactSet Research Systems Inc. stock research
FY2025 Q1
FactSet Research Systems (FDS) Gross Margin — Quarter Ended Nov 30, 2024
Revenue increased from both the prior quarter and the same quarter last year. Gross profit grew at a faster pace than revenue, resulting in an improved gross margin compared to both periods.
Gross margin takeaway
Quarter ended Nov 30, 2024 · FY2025 Q1
Revenue increased from both the prior quarter and the same quarter last year. Gross profit grew at a faster pace than revenue, resulting in an improved gross margin compared to both periods.
- The strongest observable driver was the expansion of gross margin, supported by revenue growth outpacing the increase in cost of revenue. This led to a higher gross profit margin.
- Compared with the preceding quarter, gross margin was higher and gross profit increased. Versus the same quarter last year, both revenue and gross profit were higher, with gross margin also improving.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
54.5%
Gross profit
$309.9M
Revenue
$568.7M
Cost of revenue
$258.8M
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+0.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Feb 29, 2024 | $545.9M | $290.8M | $255.1M | 53.3% |
| May 31, 2024 | $552.7M | $305.7M | $247.0M | 55.3% |
| Aug 31, 2024 | $562.2M | $304.0M | $258.2M | 54.1% |
| Nov 30, 2024 | $568.7M | $309.9M | $258.8M | 54.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Aug 31, 2024
+0.4 pts
Year-over-year change
Nov 30, 2023
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver was the expansion of gross margin, supported by revenue growth outpacing the increase in cost of revenue. This led to a higher gross profit margin.
Compared with the preceding quarter, gross margin was higher and gross profit increased. Versus the same quarter last year, both revenue and gross profit were higher, with gross margin also improving.
Monitor the relative growth rates of revenue and cost of revenue, as cost growth has been slower than revenue growth, supporting margin improvement.